The University of Iowa will name a new career services building in honor
of 1952 UI business graduate Marvin A. Pomerantz of Des Moines, in recognition
of his $10 million gift to The University of Iowa Foundation.

Pomerantz, chair and CEO of Gaylord Container Corp. and Mid-America Group,
and his wife, Rose Lee, will provide key funding for the Pomerantz Center,
a new University facility to be located at the northeast corner of Market
Street and the T. Anne Cleary Walkway, about one block north of the Pentacrest.
The Pomerantzes have committed $10 million toward the projected $13 million
cost of the building, which is scheduled to be completed in late 2004.

The Pomerantz Center is slated to house several career-related services
and university offices, including the Admission Visitors Center, Academic
Advising Center, MBA Career Services, the Executive MBA Program, and the
Alumni Career Information Network. Classrooms and an auditorium also will
be included within the building, according to the proposal.

An important component of the Pomerantz Center will be the Marvin A.
and Rose Lee Pomerantz Career Center, which will bring together and allow
the expansion and integration of several undergraduate and graduate student
services, including career exploration, skills training, internships,
and on-campus interviewsall in a centralized location.

This expanded and unified career program will enhance communication
between top employers and Iowa graduates, Pomerantz said. Corporations
will come to this leading-edge facility to recruit Iowa graduates. And
one day, these successful graduates will hire other Iowa alumni. Thats
good for everyone: students, employers, and the state.

We owe it to our students to provide them with comprehensive, integrated
career services in an environment that is welcoming to employers,
said Jerry Paschal, executive director of the Career Center. The
Pomerantz Center will be an interdisciplinary resource with specialized
staff, new technology, and excellent recruiting opportunities. These opportunities
will be made possible because of Marvin and Rose Lee Pomerantzs
commitment to education.

Linda Maxson, dean of the College of Liberal Arts and Sciences, praised
the Pomerantzes for their gift.

The opportunity to have a separate building and enhanced resources
for our students is very welcome. We are deeply grateful to the Pomerantzes
for their vision in making this generous gift.

The Pomerantz Center evolved from a series of discussions among Gary
Fethke, dean of the Tippie College of Business, Pomerantz, and President
Mary Sue Coleman.

According to Fethke, we believed that we could greatly benefit
as a university if we combined the entire career service process under
one administrative structure, developed a first-class facility that focused
on student and employer needs, and then marketed the concept as a distinctive
competence of the University.

The Pomerantz Center will be adjacent to the new Blank Honors Center,
which is scheduled for completion in 2003, and is named to honor benefactors
Myron and Jaqueline Blank of Des Moines.

Paschal added that the Pomerantz Center will be unique, as few universities
in the country have similar facilities that include such a wide range
of services. The Pomerantz Center will serve as a prototype for other
universities that wish to serve student advising and career needs in one
facility.

From the moment a prospective student visits our campus, they will
see that we not only understand the intrinsic value of education, but
that we are focused on the end result. The high visibility of this building
will tell prospective students and their parents that we are focusing
on the practical side of educationputting education to work in our
greater community, Paschal said.